Shiba Inu has unveiled its all-new metaverse program the ‘SHIB: The Metaverse’ which is expected to compete with the likes of established metaverse platforms like Decentraland and The Sandbox.
Interestingly, instead of the SHIB token, the team behind Shiba Inu has picked ETH as the token for the ‘SHIB: The Metaverse’ project. Ethereum (ETH) shall be used for land pricing.
‘SHIB: The Metaverse’
The ‘SHIB: The Metaverse’ will have 100,595 plots of both private and public land. The public lands shall be up for purchase while the private lands shall be locked away. The private lands are those pieces of land that represent key locations within the metaverse.
The plots in the Shiba Inu metaverse shall be released in phases with the first phase unlocking the first 36,431 plots of public land that will be categorized into four categories namely Gold Tail, Silver Fur, Platinum Paw, and Diamond Teeth. The plots in the first phase shall be worth between 0.2ETH and 1 ETH.
The collected funds during the rolling out of all the phases shall be used to pay for the development of the entire project and that is why the team decided to use a neutral token, the ETH instead of the SHIB. The ETH can be converted into stablecoins to pay all the sources.
A post published on the Shiba Inu Ecosystem blog page reads:
“SHIB: The Metaverse will consist of 100,595 plots of land. Each plot is an exciting opportunity to become part of the immersive Shiba inspired environment. Some lands will remain locked as they represent key locations for travel within the metaverse and stay private to be used as common grounds. These will represent roads (corridors): Avenues, Boulevards, and Hubs, while public ones will be available for purchase”
Dogecoin co-founder slams Shiba Inu metaverse project
Billy Markus, the Dogecoin co-founder, slammed the metaverse project of its long-standing rival Shiba Inu saying that making ‘random metaverse’ and ‘selling fake land’ using Ethereum sill not enhance the utility of the SHIB token.
“How is making a random metaverse and selling fake land with Ethereum adding utility to their project. I mean whatever if people wanna give the devs even more money go ahead but if I was a SHIB holder I would be annoyed.”
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